Which paid more, JEPQ or JOYT?

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and JOYT paid 0.9%, so JEPQ paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, JEPQ or JOYT?

With every distribution reinvested, JEPQ returned +10.4% and JOYT +14.6% over the year to Nov 4, 2026.

Which is cheaper, JEPQ or JOYT?

JEPQ and JOYT both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

JEPQ vs JOYT: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, JEPQ paid 11.9% of its price in cash against JOYT’s 0.9%, though JOYT returned more with it reinvested.

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Net assets on Nov 3, 2026: $42.1bn for JPMorgan Nasdaq Equity Premium Income ETF and $117m for JPMorgan Equity and Options Total Return ETF.

JEPQ on its own →JOYT on its own →

At a glance

11.9%

JEPQ cash paid, 1 year

0.9%

JOYT cash paid, 1 year

+10.4%

JEPQ total return, 1 year

+14.6%

JOYT total return, 1 year

JEPQ · 1 year to Nov 4, 2026 1.9 pts behind QQQ

JEPQ

+10.4%

QQQ

+12.3%

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% of it arrived as cash

1.9 pts behind QQQ

Total return, distributions reinvested

1.9 pts behind QQQ

JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

QQQ

+12.3%

JEPQ

+10.4%

11.9% as cash

1.9 pts behind QQQ

11.9% of it arrived as cash. Total return, distributions reinvested. JEPQ over 1 year: paid 11.9%, price −1.9%, total +10.4%, QQQ +12.3%, −1.9 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

JOYT · 1 year to Nov 4, 2026 About even with SPY

JOYT

+14.6%

SPY

+14.8%

About even with SPY

JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

JOYT

+14.6%

about even with SPY

Total return, distributions reinvested

About even with SPY

JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.

SPY

+14.8%

JOYT

+14.6%

about even with SPY

0.9% of it arrived as cash. Both charts share one scale, with zero at the line. JOYT over 1 year: paid 0.9%, price +13.7%, total +14.6%, SPY +14.8%, −0.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.35% a year; their one-year returns differ by 4.2 points; JEPQ is far larger, $42.6bn against $119m.

Points (pts) are percentage points.

JEPQ vs JOYT: Dividend Yield & Total Return
Measure	JEPQ	JOYT
Paid and earned
Measure	JEPQ	JOYT
Total return, 1 year	+10.4%	+14.6%
Price change, 1 year	fell 1.9%	rose 13.7%
Against its benchmark
Measure	JEPQ	JOYT
Benchmark	Nasdaq-100, measured through QQQ	S&P 500, measured through SPY
Cost and size
Measure	JEPQ	JOYT
Expense ratio	0.35%	0.35%
Net assets	$42.6bn	$119m
Holdings
Measure	JEPQ	JOYT
Holdings in common	45%

ETFIQ Distribution Coverage Score · JOYT scores higher How much of what it paid out did its total return cover?

IQ Income Score50JEPQ99.1JOYT

How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed

JEPQ 50

JOYT 99.1

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Risk and return

Aug 29, 2025 to Oct 30, 2026 · 61 weekly returns

JEPQ JOYT

Return

Total return edge JOYT (slight) +18.0% +19.0%

Annualized edge JOYT (slight) +15.2% +16.0%

Price return edge JOYT +3.4% +18.0%

Risk

Volatility edge JOYT 12.7% 8.0%

Max drawdown edge JOYT −7.4% −6.6%

Downside capture 79.0% 66.6%

Beta 0.71 0.62

Risk-adjusted

Sharpe edge JOYT 0.88 1.42

Sortino edge JOYT 1.32 2.31

Treynor 0.168 0.184

Calmar edge JOYT 2.06 2.43

Against the benchmark

Alpha −0.1% a year +4.2% a year

Alpha t-stat −0.06 1.35

Information ratio −0.67 −0.03

Tracking error 7.7% 5.6%

Each against its own benchmark: JEPQ against QQQ, May 13, 2022 to Oct 30, 2026; JOYT against SPY, Aug 29, 2025 to Oct 30, 2026.

Reading

From Aug 2025 to Oct 2026, JOYT returned slightly more: +19.0% to +18.0%. JOYT swung less: 8.0% to 12.7%. JOYT fell less at its worst: −6.6% to −7.4%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: JEPQ vs JOYT: Dividend Yield & Total Return
Measure	JEPQ	JOYT	Edge	How it is measured
Return
Total return	+18.0%	+19.0%	JOYT (slight)	Price change plus distributions, reinvested.
Annualized	+15.2%	+16.0%	JOYT (slight)	Total return as a yearly rate.
Price return	+3.4%	+18.0%	JOYT	Price change alone, distributions left out.
Risk
Volatility	12.7%	8.0%	JOYT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	8.4%	4.9%	JOYT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−7.4%	−6.6%	JOYT	Deepest fall from a high to the low after it.
Upside capture	56.8%	67.4%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	79.0%	66.6%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.71	0.62	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.92	0.82	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.88	1.42	JOYT	Return above Treasury bills per unit of volatility.
Sortino	1.32	2.31	JOYT	Return above Treasury bills per unit of downside deviation.
Treynor	0.168	0.184		Return above Treasury bills per unit of beta.
Calmar	2.06	2.43	JOYT	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	QQQ	SPY		The ETF each fund is measured against.
Alpha	−0.1% a year	+4.2% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.06	1.35	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−4.3% to +4.1%	−2.1% to +10.6%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.67	−0.03		Return against its benchmark per unit of tracking error.
Tracking error	7.7%	5.6%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 61 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

45%

By the books each fund has filed, JEPQ and JOYT hold 45% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

45% in common

Positions both hold · largest shared weight first JEPQ JOYT

NVIDIA CORP COMMON STOCK 7.09% 8.18%

APPLE INC COMMON STOCK 6.76% 7.29%

MICROSOFT CORP COMMON 5.61% 6.57%

AMAZON.COM INC COMMON 3.98% 4.16%

META PLATFORMS INC COMMON 2.70% 2.53%

MICRON TECHNOLOGY INC 4.19% 2.10%

BROADCOM INC COMMON 1.95% 2.17%

TESLA INC COMMON STOCK 2.40% 1.39%

ADVANCED MICRO DEVICES 3.31% 1.33%

LAM RESEARCH CORP COMMON 1.58% 0.89%

SEAGATE TECHNOLOGY 1.20% 0.82%

CSX CORP COMMON STOCK USD 0.66% 1.21%

Only in one fund ↓

Only in JEPQ

ALPHABET INC-CL C 4.10%

SPACE EXPLORATION TECHNOLOGIES CORP 1.61%

PALO ALTO NETWORKS INC 1.28%

CISCO SYSTEMS INC COMMON 1.17%

Nasdaq-100 equity-linked note 12 1.17%

Nasdaq-100 equity-linked note 13 1.17%

Nasdaq-100 equity-linked note 14 1.17%

Nasdaq-100 equity-linked note 15 1.16%

Only in JOYT

ALPHABET INC-CL A 4.13%

WELLS FARGO & CO COMMON 2.11%

EXXONMOBIL HOLDINGS CORP 2.01%

ELI LILLY AND COMPANY 1.63%

PHILIP MORRIS INTERNATIONAL INC 1.33%

BANK OF AMERICA CORP 1.08%

RTX CORP 1.08%

AMERICAN EXPRESS CO 0.98%

Check overlap with more funds →

Side by side

JEPQ JPMorgan Nasdaq Equity Premium Income ETF · Writes calls through equity-linked notes (ELNs) on the Nasdaq-100, paying monthly JOYT JPMorgan Equity and Options Total Return ETF · Option income on SPY, paying quarterly

Issuer JPMorgan JPMorgan

Strategy covered call option income

Benchmark Nasdaq-100 (QQQ) S&P 500 (SPY)

Pays monthly quarterly

Payout rate, annualized 11.3% 0.7%

Expense ratio 0.35% 0.35%

Cash paid, 1 year 11.9% 0.9%

Price change, 1 year −1.9% +13.7%

Total return, 1 year +10.4% +14.6%

Benchmark return, 1 year +12.3% +14.8%

Ahead or behind −1.9 pts −0.2 pts

Return of capital, latest estimate not published not published

Age 4.5 years 1.2 years

Net assets, as of Nov 3, 2026 $42.1bn $117m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: JEPQ vs JOYT: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	JEPQ	JOYT	JEPQ	JOYT	JEPQ	JOYT
3 months	−0.9%	+2.0%	3.0%	0.2%	+2.6 pts	+2.2 pts
6 months	+2.3%	+7.8%	6.2%	0.4%	+2.6 pts	+2.8 pts
1 year	+10.4%	+14.6%	11.9%	0.9%	−1.8 pts	−0.1 pts
3 years	+66.7%	–	38.3%	–	−24.7 pts	–
Since launchNot the same days: JEPQ May 2022 · JOYT Aug 2025	+85.2%	+21.6%	51.4%	0.9%	−30.6 pts	+0.1 pts

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About each fund

JEPQ

Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting value in cash distributions while its price fell 1.9%. With every distribution reinvested, the fund returned +10.4%. Nasdaq-100 (QQQ) returned +12.3% over the same days, so a holder was behind by 1.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 11.3%, paid monthly.

JOYT

Over the year to Nov 4, 2026, JOYT paid 0.9% of its starting value in cash distributions while its price rose 13.7%. With every distribution reinvested, the fund returned +14.6%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was about even. At its price on Nov 4, 2026 the latest distribution annualizes to 0.7%, paid quarterly.

Questions people ask

Which paid more, JEPQ or JOYT?: Over the year to Nov 4, 2026, JEPQ paid 11.9% of its starting price in cash and JOYT paid 0.9%, so JEPQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, JEPQ or JOYT?: With every distribution reinvested, JEPQ returned +10.4% and JOYT +14.6% over the year to Nov 4, 2026.
Which is cheaper, JEPQ or JOYT?: JEPQ and JOYT both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

JEPQ vs XSPI JEPQ vs XYLG JEPQ vs WDTE JEPQ vs XRMI JOYT vs QQQI JOYT vs QYLD JOYT vs QDTE JOYT vs QYLG

Where to next

Nasdaq-100 (QQQ) →S&P 500 (SPY) →JEPQ on its own →JOYT on its own →JEPQ dividend history →JEPQ holdings →JOYT dividend history →JOYT holdings →Method →Standards and sources →

Sources and dates

JEPQ and JOYT filings on SEC EDGAR ↗

JEPQ prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

JOYT prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, JEPQ against JOYT, data as of Nov 4, 2026. https://etfiq.com/compare/income/jepq-vs-joyt

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